Renowned cryptocurrency analyst Michael van de Poppe believes that Kaspa (KAS), a low-volume altcoin that has seen gains of nearly 900% this year, is ready for another surge. The analyst also expressed optimism for Render Network (RNDR). Here’s the analyst’s take on the potential rise of KAS and RNDR.
Analyst’s Predictions for KAS
Experienced crypto analyst Van de Poppe stated on his personal X account that Kaspa (KAS), a Layer 1 Proof of Work (PoW) altcoin, appears to be ready for a new upward trend. The analyst said that if KAS’s bullish thesis comes to fruition, the altcoin could reach its all-time high of $0.068, representing a 41% increase from its current price.
According to Van de Poppe, for Kaspa to sustain its long-term uptrend, it needs to surpass the resistance level at $0.049 and convert it into a support level. On the other hand, the analyst noted that if the cryptocurrency market declines, KAS could drop by up to 24% below its current level.
Current data shows that KAS has gained 0.75% in the past 24 hours, trading at $0.04808. CoinMarketCap data reveals that KAS has risen by 4.87% in the last 7 days and 33.47% in the last 30 days.
RNDR Awaits Breakout Rally in Render Network
Following KAS, Van de Poppe, who transitioned to the native asset RNDR of the decentralized graphics processing platform Render Network, stated that he expects the altcoin’s upward momentum to continue. According to the analyst, breaking through RNDR’s immediate resistance will likely trigger a breakout rally:
I personally expect the rally to continue. In this regard, I’m waiting for a breakout above $1.65. Then, I’ll be looking for the rally to expand and seek continuity. A target of $2.50 to $3.00 seems reasonable.
According to CoinMarketCap, RNDR has experienced a 0.44% decrease in the past 24 hours, trading at $1.53. Data shows that RNDR has decreased by 3.04% in the last 7 days and increased by 6.65% in the last 30 days.
